If a couple in a second marriage live in a home owned only by one spouse, important questions arise when the spouse owning the home passes away. Where will the surviving spouse live? If he/she continues to live there, will the children of the spouse owning the home still be able to ultimately receive the home? The deceased spouse may have wanted to ensure the surviving spouse has a place to live, but have the home ultimately end up with his/her children.
Posts Tagged ‘life estate’
It is your second marriage and you live with your spouse in the home she brought to the marriage. When she passes away, what right do you have to continue living there? Some people assume that, because they were married, they will be able to continue living in that home even after their spouse passes. This is not at all necessarily true.